Why do employer present you free vivacity insurance?

Answers: Think about it. In the old days an employer may hold to care for the widow/family of an employer who passed away. Life insurance is the current way to do this, and is cut of a benefit plan that employees expect.

But....

This reminds me of the case of Wal-mart buying relatively large life insurance, beside themselves as the beneficiary, on employees - apparently without the team knowing it.

It was almost as if they were "speculating" on their organization lives since it certainly could not cost that much to actuallly replace the greeters or check out people.

So...
Do other companies do this? I don't know.

Compare Life Insurance: Source(s): http://www.247quoteus.com
Employers provide free life insurance as part of a Benefits Package to take and keep employees near their company.

Group Life Insurance is the term used for the life insurance provided by Employers. It is usually awfully inexpensive, a few dollars per month, per employee. However, if you pay for section of your benefits yourself, some of your money may be going to this coverage.

Important Point: When you leave an employer, you may be able to verbs your life insurance policy, or convert the policy to a permanent plan. Make sure to look into this remedy and find out what paperwork is necessary and by what date you need to request this resort before leaving your current employment. Especillay meaningful if you are uninsurable anywhere else.

However, some people need more coverage than the 1-1 &1/2 times your earnings, usaully provided by these policies.

That's why some people purchase term life span insurance to add to, or supplement, their existing Employer-provided life insurance plan.

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I hope that helps! Best of luck to you. Source(s): 18 years experience in the Insurance Industry.

Source: http://www.term-life-online.com
First of all it is cheap and a nice benefit to offer & second, the member of staff gets the face merit but also the employer gets the face appeal. This is for the costs of training a person to take your position when you die. It is NOT lone Walmart, it is as far as I know, every employer that buys life insurance for their employees. I found it out when I be taking my licensing classes when I took the life insurance unit (about 19 yrs ago). Source(s): Insurance agent
Not usually free, but part of a comprehensive benefits bundle for a reduced rate given the size of the group plan.
Free existence insurance is a very inexpensive benefit when purchased as a group license. In addition, fringe benefits hold employees from going to other companies - and retention saves an employer money (they don't enjoy to go and hire and retrain your replacement).

Also, very few personnel die while they're employed - but for the few who do, it is a positive effect when their dependents have a chunk of money from the insurance company compliments of their employer. It stops the survivors from hounding the employer for more money.
It is a cheap benefit. It single costs them a couple of $ per employee each month. It also is a huge benefit if an hand passes away. The family of the departed will have money to bury them.

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